- Sep 28, 2003
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MLNX topping?
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Nice. I'm still waiting for a pullback (if it comes).As for me, I'm in The Gap, currently up 5%.
Looking to get out of DXPE (thanks DaJoka) soon, currently up 10.2%
by the way FB is the most suspect, scandalous IPO ever. underwriters knew exactly what they were doing.
It's good man. But you know I always want more. Didn't see this rally coming, so I'm not benefiting as much as I should be. There's too much downside risk right now both in AAPL and the market. Practicing patience and waiting for the first dip to dive into those April 13s.Dajoka must be having a field day.
its all hype up or down at this point though.. there was nothing to substantiate the original IPO price, but there is nothing to substantiate this drop either. will need a few earnings reports to see whats really good with this company
Nothing to substantiate the drop? I think the lock-up being lifted and a significant portion of VCs selling their shares or distributing them to their LPs warrants price drop.
FB's underwriters did EXACTLY what they were supposed to do. The IPO is not supposed to be priced so that the average investor can get a quick pop and get out. It is intended to deliver maximum investor dollars to the company and reward the investors who got in when the company was still private. That is exactly what happened.
Show me the context. Did they not sell all the shares offered at $38? They did a perfect job. If you bought at $38 and didn't sell immediately on that pop to $45, you are a fool.underwriters even admitted they made an error
Well take it a step further....people were buying in at the IPO based on ridiculous valuations (private - Series E, F or whatever) to begin with coupled with the secondary (grey markets). It doesnt necessarily have to be correlated with current earnings or whatever if the market thinks the original multiples are really too extreme.